Quarterly report pursuant to Section 13 or 15(d)

Property and equipment, net

v3.7.0.1
Property and equipment, net
3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and equipment, net
Property and equipment, net:
 
Property and equipment, net consisted of the following:
 
 
At March 31, 
 2017
 
At December 31, 
 2016
 
 
 
 
Furniture, fixtures and equipment
$
9,328,638

 
$
9,130,469

Leasehold improvements
36,627,346

 
36,147,135

Less accumulated depreciation and amortization
16,629,416

 
15,809,101

 
29,326,568

 
29,468,503

Construction in progress
6,472,701

 
5,992,614

Restaurant supplies
1,502,792

 
1,354,122

Total
$
37,302,061

 
$
36,815,239


 
Depreciation and amortization related to property and equipment included in continuing operations amounted to $865,870 and $522,639 in the three months ended March 31, 2017 and 2016, respectively.

During the three months ended March 31, 2016, the Company wrote off fully depreciated furniture, fixtures and equipment and leasehold improvements of approximately $670,000 and $1.6 million, respectively, and corresponding accumulated depreciation.